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Huawei Mobile Services enable the South African ‘on-the-go’ banking system to grow
The growth of digital payment apps has been significant in recent years, transforming the way people make transactions and handle their finances. People are increasingly using these apps for various financial activities such as online shopping, bill payments, peer-to-peer transfers and more. The convenience, speed and security offered by these solutions, have played a crucial
Salaries sink in April, reversing recent gains
The overall dismal economic environment has contributed to the average nominal take-home pay slipping further in April 2023, according to the monthly BankservAfrica Take-home Pay Index (BTPI). The number of salary payments has also fallen, signalling a troubled job market. “The average nominal take-home pay was R14 534, showing a sizeable decline on the R15
Veteran journalist Eusebius McKaiser’s dies at the Age of 45
The South African media space is mourning the loss of yet another influential journalist in the form of Eusebius McKaiser. BusinessTech Africa understands that the veteran journalist and author passed away on Tuesday and his passing was confirmed by his manager Jackie Strydom. The media guru also worked for media houses such as Mail &
Sibanye-Stillwater Secures Deal for South Africa's Largest Private Wind Farm
Sibanye-Stillwater, a JSE-listed precious metals miner, recently announced a groundbreaking agreement for an 89 MW wind energy project in South Africa's Northern Cape. When completed, this project, known as the Castle Wind Farm, will be the largest private wind farm in the country. The company has reached a financial close and signed its first power
Tiger Brands Navigates Rising Costs and Weakening Margins Challenges
Tiger Brands, South Africa's largest food producer, has faced volume and profit margin challenges while passing on rising input costs to customers. Despite reporting a double-digit increase in interim revenue, the company was under pressure from a variety of sources. Tiger Brands' revenue increased by 16% to R19.4 billion in the six months ending March,
Namibia Contemplates Resource Ownership in Mining and Petroleum Companies
Namibia's government is currently considering acquiring minority stakes in mining and petroleum production companies. This thought stems from growing concerns about local ownership of the country's valuable resources. Tom Alweendo, the Mines and Energy Minister, emphasized the importance of local ownership, beginning with the state, which is the rightful owner of Namibia's natural resources. Alweendo
Citroen C3 (2023): Redefining Budget Crossovers
Citroen made a bold move with the introduction of the new C3, positioning it as a budget crossover rather than a quirky compact hatchback, and at a significantly lower price point than its predecessor. This decision is consistent with modern consumer preferences, as the Citroen C3 now competes directly with popular models such as the
Nigerian’s 16th President announced plans to remove the controversial fuel subsidies
Bola Tinubu was yesterday sworn in as Nigeria’s 16th president during a ceremony in the nation’s capital, Abuja. During his inaugural address, the new president announced several policy priorities that will be given attention in the coming weeks. He called security a top priority and committed to investing more resources into improving overall security. On
Solar Takes Over Cape Town
Load Shedding has been one of the major issues South Africa is facing. Solar has taken over to end load shedding and provide the necessary power to households and companies. The city of Cape Town has set a record for the number of applicants for solar power installation. According to City of Cape Town's statement
SARB released its Financial Stability Review
Yesterday, the SARB released its Financial Stability Review (FSR) for the period December 2022 to May 2023. The SARB argues that systemic risks have risen since the last edition of the FSR in November 2022 due to both global and domestic idiosyncratic developments. On the global front, systemic risk has risen due to persistently elevated inflation,
Diversifying mobile banking solutions in the app market: Huawei Mobile Services and Standard Bank celebrate 4-year partnership
Partnerships play a crucial role in the success and growth of businesses across various industries. Amongst some of the numerous advantages is the shared access to resources, complementary skills, market expansion, innovation, enhanced credibility and saving of costs and time efficiency. By forming strategic partnerships, businesses can position themselves for long-term success and sustainable growth
Important stages to consider when planning your retirement
People don't really think about retirement because it seems so far away, but then one day it's right around the corner. So, what do you need to consider when it comes to retirement? Ester Ochse, Product Head, FNB Integrated Advice says “It is most convenient to divide retirement planning into three separate phases, each with
NELSON MANDELA CHILDREN'S FUND AND KELLOGG'S UNLEASH THE BLACK STARZ PROGRAMME
A new era of hope, opportunity, and empowerment has dawned in Gauteng as the Gauteng Gambling Board, Gauteng Department of Sports, Arts, Culture and Recreation on top as one of the sponsors, Nelson Mandela Children's Fund, and Kellogg's unite to launch the groundbreaking Black Starz Programme. This visionary initiative aims to transform the lives of
Makro's Stokvel Tips: Unlocking Buying Power for Customers
The National Stokvel Association of South Africa (NASASA) values the country's thriving stokvel industry at over R45 billion, based on a staggering 11.4 million members recorded in 2022. Recognizing the importance of these clubs in assisting South Africans to navigate the rising cost of living, Andrietta Van Veijeren, Wholesale National Commercial Sales Manager at Massmart,
DXOMARK No. 1 Smartphone Camera: The HUAWEI P60 Pro is now Available
Are you ready to upgrade your smartphone experience? Look no further than the newly launched HUAWEI P60 Pro, which is now available in South Africa! With its cutting-edge features, sleek design, and unbeatable value, this device is set to revolutionise your lifestyle. Here’s what you need to know, on this supreme smartphone innovation: The distinctive
Business Efficiencies: How to Save 4,500 Litres of Fuel Monthly
Fuel theft has become a widespread problem in many African countries due to the constant rise in fuel prices. Companies with fleets waste a significant amount of fuel each month, resulting in significant financial losses. Cutting-edge telematics and IoT technologies, on the other hand, offer a promising solution to this problem. In this article, we
Rand Plunges to Record Low Overnight Amid Economic and Interest Rate Concerns
The rand fell significantly, setting a new record low overnight, with the exchange rate approaching R19.83 to the dollar. The outcome of the monetary policy committee meeting on Thursday was primarily responsible for this decline. Analysts are divided on what factors are contributing to the rand's weakness. Some worry about the economic consequences of another
eMedia Holdings' Profit Stability Amid Load Shedding Challenges and Advertising Impact
Despite the negative effects of load shedding on advertising revenue, eMedia Holdings, the parent company of e.tv, eNCA, and OpenView, expressed satisfaction with its stable profit performance. For the fiscal year ending in March, the company reported a 10% decrease in group profit, totalling R378 million. However, despite the impact of unprecedented load shedding, which
Virgin Galactic Achieves Final Test Flight, Opening Doors for Paying Customers
Virgin Galactic, the pioneering space tourism company, has reached a significant milestone by completing its first spaceflight in nearly two years. The flight, the fifth time the company has ventured to the edge of space, is regarded as the final test before Virgin Galactic can begin commercial operations. The company expects to launch its space
Jeanette Marais Makes South Africa's First Female CEO in the Life Insurance Sector
Momentum Metropolitan Holdings, one of South Africa's leading financial services firms, has appointed Jeanette Marais as its first female CEO in the life insurance sector, making history. Marais, who has served as the group's deputy CEO since 2018, will take over as CEO on August 1. Her appointment is significant because she is the first